How to Transfer Canara Bank Saving Account from One Branch to Another Branch: While opening an account with a bank, we try to open it in a branch which is nearby and is easily reachable. In case, you are relocating yourself and your family to a different place or city, you would definitely like to transfer your existing account to a branch which would be near to your new location.
Transferring an account to another branch is needed because many times we need to visit our branch personally and in today's busy life; it is very difficult to visit a branch which is very far from your location.
When it comes to transfer the account from one branch to another, you would like to know how to transfer the bank account from one branch to another branch? It is very easy process which doesn't take more than 10 minutes of yours hence no need to worry about it.
You need to follow these steps to transfer the Canara Bank savings account from one branch to another branch:
(1) Personally Visit your Home Branch
You are first required to go to your branch personally where your existing account is. There you would give a request for account transfer.
(2) Give a written request to Transfer your Savings Account
You are now required to submit a written application for transferring your Savings account to another branch. You need to mention the name of the branch properly and with due care, where you want to transfer your existing account. Some banks also require the reason for such transfer.
(3) Submission of your KYC Documents
You have to submit KYC documents, in case your bank asks for them, which include copies of PAN Cad, Identity Proof and Address Proof.
The banker will verify all the documents and if everything is complete, it will initiate for transferring your account to the new branch. It usually takes 2 to 3 days' time.
(4) Visit your New Branch
After getting the transfer confirmed from your old branch, you may visit to your new branch for confirmation purpose.
(5) Get your new IFSC code from your New Branch
After getting the transfer confirmed from your new branch, get your new IFSC code and update that code wherever required.
Some banks, now-a-days, also provide facility to change your bank branch online through internet banking. First of all you need to check whether Canara Bank provides the facility to transfer the bank account to another branch online i.e. through internet banking. If yes, then you need to follow these steps to transfer the Canara Bank savings account online from one branch to another branch:
(1) Visit bank's official website
You are first required to go to bank's official website.
(2) Log in to your Internet Banking Account
You are now required to log in to your internet banking account using your login credentials i.e. user name and password.
(3) Click on 'e-services' Tab
Click on 'e-services' tab from the menu and then select 'Transfer of savings account' option then select the account which you want to transfer, if you have more than one account.
(4) Submit Your Request
After that, you are required to enter the branch code where you want to transfer the account. Accept the terms & conditions. Then click on 'Submit' button.
(5) Confirm the Transaction
A page will display your all your account transfer details with the existing branch code and the new branch code. Verify the same carefully and then click on 'Confirm' button.
(6) Enter OTP
After confirmation, an OTP will be sent by the bank to your registered mobile number. Enter the OTP in the space provided and click on 'confirm' button. A message would appear on your screen stating 'Your branch transfer request has been successfully registered'.
It should be noted that online transfer of an account to another branch is possible, only if your account is KYC compliant and your mobile number is already registered with the bank.
Canara Bank cannot charge any fees for the transfer of an account to a different location. Hence, no charges need to be payable by the account holder for transfer of deposit account from one branch to another. Transfer Canara Bank Savings Account to Another Branch will be totally free of cost.